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Feb 2, 2013
02/13
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when the economy is heating up, the defense of consumer staple stocks usually it is out the big rallies in more cyclical names. those who do better in an improving economy. we don't care about blame. we care about winning. and stocks that can't hunt, stocks that cannot win even in a major rally, those are stocks that you need to think twice about owning. here's the bottom line. after a major short term rally, you want to do some trimming of those big winners. pare back your momentum names and last but not least, please sell the losers that got left behind. [ indistinct shouting ] >>> you're watching the "mad money" rally playbook where i'm teaching you the best advantages to take advantage of a market that's up big over a short period of time. let's just say you're tuning in and i'm wounded by the cold shoulder you have shown me. i know you did it as an attempt to hurt my feelings. it worked. i hope you're happy. tv personalities we have feelings too. but let me go back to business. most of my rally playbook has been about what you can do to benefit from higher stock prices. how you can
when the economy is heating up, the defense of consumer staple stocks usually it is out the big rallies in more cyclical names. those who do better in an improving economy. we don't care about blame. we care about winning. and stocks that can't hunt, stocks that cannot win even in a major rally, those are stocks that you need to think twice about owning. here's the bottom line. after a major short term rally, you want to do some trimming of those big winners. pare back your momentum names and...
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Feb 1, 2013
02/13
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the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. standard at citibank. okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up, the gutters. citibank popmoney. easier banking. standard at citibank. >>> people always want help when the market sells off. they want me to tell them what to do to validate their fear, stocks get hammered, investors freak out. they panic. or at the very least they seem to want to panic. they want to be this guy. many don't know what's going wrong. few can easily handle the trauma of big losses. and almost everybody wants some expert to help them figure out the next move. i don't blame them. but you know in all my 31 years in the business, i can't recall a single time where somebody came up to me and asked, jim, the market's rallying like c
the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. standard at citibank. okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up, the gutters. citibank popmoney. easier banking....
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Feb 7, 2013
02/13
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big defense companies. what happened? >> the president brought in a lot of defense executives to scare house republicans towards revenue, towards tax hikes. but the house republicans keeps saying to the president bring us some replacement cuts, don't bring us tax hikes. >> the only thing i heard today, robert, at this baltimore meeting of the republican house members is, okay, you want to change this thing, let's put some entitlement cuts in there, let's extend the eligibility age or let's have other budget cuts. that's the only condition. the trouble is if you start monkeying around with this, it all might fall apart. >> that's a great part but the house republicans think they're in a great negotiating position because even if nothing happens, these are real cults and they're going to happen on march 1st, $85 billion. the president can play a chess game on politics, but these cuts are happening and republicans are
big defense companies. what happened? >> the president brought in a lot of defense executives to scare house republicans towards revenue, towards tax hikes. but the house republicans keeps saying to the president bring us some replacement cuts, don't bring us tax hikes. >> the only thing i heard today, robert, at this baltimore meeting of the republican house members is, okay, you want to change this thing, let's put some entitlement cuts in there, let's extend the eligibility age...
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Feb 6, 2013
02/13
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the defense piece, you saw the fourth quarter. most of it has no impact on gdp, business investment, housing. so what's this hull ? somehow we make progress. >> and we're winding down two very large campaigns.ull? somehow we make progress. >> and we're winding down two very large campaigns.ll? somehow we make progress. >> and we're winding down two very large campaigns.? somehow we make progress. >> and we're winding down two very large campaigns.? somehow we make progress. >> and we're winding down two very large campaigns.? somehow we make progress. >> and we're winding down two very large campaigns. so defense spending should be coming down. if there's a cut, let's do it now. and we don't even have to vote on this. the time line is already here. so we can stop the kabuki theater and just get on with that. as brian says, which is a very important piece of this, is it going to make a difference in the long run. are we on on the right trajectory, are we bending the curve down. >> so that hedge fund manager, it's so simple. listen,
the defense piece, you saw the fourth quarter. most of it has no impact on gdp, business investment, housing. so what's this hull ? somehow we make progress. >> and we're winding down two very large campaigns.ull? somehow we make progress. >> and we're winding down two very large campaigns.ll? somehow we make progress. >> and we're winding down two very large campaigns.? somehow we make progress. >> and we're winding down two very large campaigns.? somehow we make...
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Feb 6, 2013
02/13
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i liked your piece on defense, sequester and spending. do you agree with ike? have some of the more staunch republicans, should they be against some of these defense cuts we're potentially embarking on? your thoughts? just ike but george john quincy adams said americans don't go abroad in search of foreign monsters to destroy. an opportunity for the republican party to make a pivot crony capitalism and back to its historic roots leading the charge on slashing defense spending not in a ca prishs way but right-sizing the spending in the future. if they were to do that get out in front of the issue, they would throw the democratic party in complete disarray and get the party fighting against itself as keynesians say no, important to build bombs and leftists saying no, defense spending and might get some chance of getting entitlement reform bit only if republicans give up their own pork. >> when i look at troops stationed around the globe wearing u.s. insignia, is this needed. >>> do countries like japan and europe, we've been down the road before? should we be sen
i liked your piece on defense, sequester and spending. do you agree with ike? have some of the more staunch republicans, should they be against some of these defense cuts we're potentially embarking on? your thoughts? just ike but george john quincy adams said americans don't go abroad in search of foreign monsters to destroy. an opportunity for the republican party to make a pivot crony capitalism and back to its historic roots leading the charge on slashing defense spending not in a ca prishs...
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Feb 1, 2013
02/13
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defense purchases do affect gdp. but to america since nobody ever wants to cut spending -- >> you got to cut somewhere. >> and i would do it right now. >> and it will only happen during bad times, larry. it will never happen during good times. we see that over and over again, when the economy is going gang busters, the government just chooses to spend more. it's in its nature. you have to do it when it's tough. >> lower spending means a stronger economy. that's your point of view? >> that's it. i think if you look at it, it's very clear. you can see it happening. but yeah, that's great. i think if we can do that how it's done matters as well politically, at least. i think lower spending is the right wi ay to go. >> the spending sequester is going to go through. there's no question, march 1st. everybody i talk to. will we have a recession? we had a little contraction in gdp yesterday in the fourth quarter. will that continue into the first quarter? is there a recession out there? >> i do believe it will continue into
defense purchases do affect gdp. but to america since nobody ever wants to cut spending -- >> you got to cut somewhere. >> and i would do it right now. >> and it will only happen during bad times, larry. it will never happen during good times. we see that over and over again, when the economy is going gang busters, the government just chooses to spend more. it's in its nature. you have to do it when it's tough. >> lower spending means a stronger economy. that's your...
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Feb 5, 2013
02/13
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defense lawyers, and that's where the problem starts. you know, if you have someone like mary jo white or harvey pitt who used to defend merrill lynch and you're not expecting them to make decisions that impact their ex-client, clearly they can't do that. you can strike a balance and have somebody with experience. for example, a -- >> they should be able to do it, shouldn't they? they are fighting for the law so they should be able to do it and should be able to recognize right from wrong. just because they defended a firm on wall street doesn't mean that they are lying? >> no, maria, but very clearly if your ex-client has paid you hundreds of thousands of dollars to defend it in the past, i think it's going to be really problematic for that person to be objective on the decision. >> that's a good point. >> certainly we don't question the integrity of a mary jo white. >> no way. >> but you have to say that the optics are not great if you have a person who is chairing the agency who has those kinds of conflicts, especially as andrew point
defense lawyers, and that's where the problem starts. you know, if you have someone like mary jo white or harvey pitt who used to defend merrill lynch and you're not expecting them to make decisions that impact their ex-client, clearly they can't do that. you can strike a balance and have somebody with experience. for example, a -- >> they should be able to do it, shouldn't they? they are fighting for the law so they should be able to do it and should be able to recognize right from...
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Feb 4, 2013
02/13
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as a matter of fact, it can be negative for a lot of the defense companies as we know and they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim, i have heard you say when considering playing the downside of an equity you would short the stock rather than buy a put. please elaborate on your reasoning on this. danny, i'm so glad you sent me this because if i have created any misperception that i favor shorting stocks, it is completely out of character with all my books and what i used to do at my hedge fund or before i had my hedge fund when i was working for goldman sachs or trading for myself. i always do puts. i very rarely do shorts because as i write in "confessions of a street addict," i was a victim of horrible short squeezes that lost me a ton of money. use puts, i don't care if there's a premium. let's go to some tweets. here's one. covered calls allow me to print money out of large positions without having to sell. why do you hate them so much? okay. here's the answer. i've got to tell you something bkelly019, i hate cutting off my upside,
as a matter of fact, it can be negative for a lot of the defense companies as we know and they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim, i have heard you say when considering playing the downside of an equity you would short the stock rather than buy a put. please elaborate on your reasoning on this. danny, i'm so glad you sent me this because if i have created any misperception that i favor shorting stocks, it is completely out of character with...
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Feb 5, 2013
02/13
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we don't know, you know, where the cuts are going to hit in terms of our defense as a country. i mean, is that really the way to do it? >> no, i don't like the automatic approach, but months ago we have proposed a way to reorder those so we don't have automatic spending cuts, that in the first year we have a more balanced approach in terms of defense versus other spending. the president basically has ignored that. he has not come forward with an alternative on that, so at this point it's really up to the administration to do that. we have done that. those views are out there, and they have been ignored, so i think at this point we need the president's budget. we'll move forward on ours which will take into account a revenue level at a lower amount. >> are you -- are you going to get it? mean what, happens if you get rolled over again? >> look, i think we have to make a stand here that revenue is not going to solve our problem. the president wants more money so he can increase washington spending. we've given him more revenue just a short time ago. we now need to look on the spe
we don't know, you know, where the cuts are going to hit in terms of our defense as a country. i mean, is that really the way to do it? >> no, i don't like the automatic approach, but months ago we have proposed a way to reorder those so we don't have automatic spending cuts, that in the first year we have a more balanced approach in terms of defense versus other spending. the president basically has ignored that. he has not come forward with an alternative on that, so at this point it's...
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Feb 4, 2013
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whether you gut defense or whether you gut domestic programs. it's the same reduction in gdp, the same reduction in expenditures. you can argue about what the federal government should be spending money on, but if you dramatically reduce expenditures at a time of national recession, and i think we're still in a recession, then you're going to see a decline in jobs. it is not an answer to say the house has passed something that they know is dead on arrival in the senate. >> maybe fa doesn't matter right now. is the debt not a priority right now? is growth more of a priority than reining in the debt? >> i don't think they're mutually exclusive. government growth is not going to get us out of this mess. private sector growth is. right now government growth is a drag on the private sector. every day the president threatens to raise a tax or another. as long as the threat of new taxes, huge regulations from the epa hang over the private sector, we're not going to get the growth we need. >> you know one of the biggest drags on fourth quarter gdp that
whether you gut defense or whether you gut domestic programs. it's the same reduction in gdp, the same reduction in expenditures. you can argue about what the federal government should be spending money on, but if you dramatically reduce expenditures at a time of national recession, and i think we're still in a recession, then you're going to see a decline in jobs. it is not an answer to say the house has passed something that they know is dead on arrival in the senate. >> maybe fa...
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Feb 6, 2013
02/13
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we wondered what richard garwin would think of the defense department's appraisal. "the experiments leave no doubt that anomalous excess heat is produced." >> well, that's a statement. >> you just don't buy that. >> well, i am living proof that there's doubt. now, they can say that excess heat is being produced, but they can't say there's no doubt. all they can say is, they don't doubt, but i doubt. >> if you asked me, "is this gonna have any impact on our energy policy?" it's impossible to say, because we don't fundamentally understand the process yet. but to say that we don't fundamentally understand the process and that's why we're not gonna study it is like saying i'm too sick to go to the doctor. >> you know, i wonder how you feel about going public, endorsing this phenomenon on 60 minutes when maybe 90%, i'm guessing, of your colleagues think that it's crackpot science. >> i certainly was among those 90% before i looked at the data. and i can see where they'll be very concerned when they see this piece. all i have to say is, read the published results, talk to
we wondered what richard garwin would think of the defense department's appraisal. "the experiments leave no doubt that anomalous excess heat is produced." >> well, that's a statement. >> you just don't buy that. >> well, i am living proof that there's doubt. now, they can say that excess heat is being produced, but they can't say there's no doubt. all they can say is, they don't doubt, but i doubt. >> if you asked me, "is this gonna have any impact on our...
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Feb 1, 2013
02/13
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you see a sharp drop in federal defense spending and big inventory swing. those are factors that caused us to have a small negative gdp growth last quarter. i think particularly the federal defense spending is a harbinger of what might happen if the sequester takes effect. the cuts that no one wants to see happen, would restrain government activity, would be harmful for the economy. we'd like to have a smarter approach to relieve the sequester. >> so finally, in your view, was that just a taste of what another sequester could be like? >> well, as you know, the sequester hasn't started. and we have made proposals to congress to eliminate the sequester. the sequester can certainly have a significant impact on the economy. what we saw in the fourth quarter gdp report was just a big effect on defense spending. >> right. >> possibly advanced planning because of sequester by private contractors and other factors going on. the sequester would also affect nondefense spending, and that could also have a significant impact op the economy. >> dr. krueger, appreciate y
you see a sharp drop in federal defense spending and big inventory swing. those are factors that caused us to have a small negative gdp growth last quarter. i think particularly the federal defense spending is a harbinger of what might happen if the sequester takes effect. the cuts that no one wants to see happen, would restrain government activity, would be harmful for the economy. we'd like to have a smarter approach to relieve the sequester. >> so finally, in your view, was that just a...
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Feb 8, 2013
02/13
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buy some defensive. there were stocks that went up even during the depression so you want to own your health care and your food and own your beverage and global gorillas that have exposure to the underlying global growth. that's where i think you can hide. master limited partnerships. you'll get yield. buy bce, bell canada enterprise is, the thing yields 5.2%, versus flat a year ago. >> thank you, guys. >> peter, i'll see you next time, and the next time you leave california, don't come when there's a blizzard coming to town. >> you guys greeted me with that. wasn't my fault. >> have a good weekend. stay safe. >> since storms get names these days, why not rallies or selloffs, so we asked you, our twitter friends, what should we call the trooent rally. maria, what do you think here? >> well, j.j. is calling it the in spite of apple rally and my tweet is it's ben's rally. >> or just call it ben. >> one-word names, right. >> another one says we should call it the maria rally. markets are rallying in anticip
buy some defensive. there were stocks that went up even during the depression so you want to own your health care and your food and own your beverage and global gorillas that have exposure to the underlying global growth. that's where i think you can hide. master limited partnerships. you'll get yield. buy bce, bell canada enterprise is, the thing yields 5.2%, versus flat a year ago. >> thank you, guys. >> peter, i'll see you next time, and the next time you leave california, don't...
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Feb 8, 2013
02/13
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their defense will rest heavily on the first amendment. their defense has always been that they simply provide public opinions and therefore they have a first amendment right to express those opinions without any accountability, without being answerable to anyone because they have that absolute right. so retaining an expert, a highly regarded and even renowned expert in this area, i think, is a clue to their defense. but that defense is diminishing in its strength because courts have held that, in fact, under the circumstances that they issue these opinions, the first amendment does not provide them with the kind of blanket absolute immunity that they have enjoyed, they claim. and so i think that they will eventually be held accountable. whether others will be sued, i can't really say because i don't speak for the department of justice. certainly if there is any equity, the others will be held accountable as well. and the strategy may be to go after s&p, the e-mails are devastating. the evidence is overwhelming. the reason that we brought
their defense will rest heavily on the first amendment. their defense has always been that they simply provide public opinions and therefore they have a first amendment right to express those opinions without any accountability, without being answerable to anyone because they have that absolute right. so retaining an expert, a highly regarded and even renowned expert in this area, i think, is a clue to their defense. but that defense is diminishing in its strength because courts have held that,...
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Feb 6, 2013
02/13
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we have our aerospace defense conference this weekend, the big topic is why are defense multiples at all time lows? the answer is people can't move or do anything until we figure out exactly what's going on in the defense sector. >> one of the other things we see as a positive, the pickup in housing actually affects a lot of small business. >> sure. >> small business is the engine of job growth. >> we will discuss it more. >>> we have pimco's bill gross on why the american credit bubble is like a dying star next on "squawk." >>> welcome back on this wednesday morning in the headlines. saturday delivery of the mail is coming to an end. the postal service is announcing about 10:00 a.m. this morning, saturday delivery of mail will end in august and worth packages will still be delivered six days a week. the savings of all this, about $2 billion. dow component home depot hiring about 1,000 workers for the busy spring, the number is 10,000 more than home depot hired last year at this time, 80,000 hired. and you can count those numbers for spring. a significant change for fans of classic b
we have our aerospace defense conference this weekend, the big topic is why are defense multiples at all time lows? the answer is people can't move or do anything until we figure out exactly what's going on in the defense sector. >> one of the other things we see as a positive, the pickup in housing actually affects a lot of small business. >> sure. >> small business is the engine of job growth. >> we will discuss it more. >>> we have pimco's bill gross on why...
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Feb 7, 2013
02/13
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i was defending apple saying, geez -- >> do you want to take it back now the defense? >> no i did run out of battery tweeting and problem blocksed you in tweeting, verizon problem. the whole thing was a great time. an iphone nightmare. >> a quick check -- a quick check, i should say i on research in moe motion or blackberry, since we are on the subject, trading higher once again, getting closer to the 52-week high mark. got an upgrade from wells fargo following the upgrade from bernstein earlier this week. last couple of new board members who are interesting figures. the former verizon cto and the former sony ericsson ceo join the board of blackberry. so, interesting -- this stock is having an amazing launch. >> i mean, they are -- the ceo days, they were regarded as being a company in canada, listening only to themselves, bring new people in. it is funny, luke apple and think all the companies that reported this quarter, three of them, great american company, grate innovation over time what do they do? immediately, they announced an even bigger buy back, raised that d
i was defending apple saying, geez -- >> do you want to take it back now the defense? >> no i did run out of battery tweeting and problem blocksed you in tweeting, verizon problem. the whole thing was a great time. an iphone nightmare. >> a quick check -- a quick check, i should say i on research in moe motion or blackberry, since we are on the subject, trading higher once again, getting closer to the 52-week high mark. got an upgrade from wells fargo following the upgrade...
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Feb 8, 2013
02/13
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. >> e where we got the negatives was from the government, from defense, and you know, largely from inventories. that's going to turn around. i think the inventory decline was just an insurance policy. >> okay. >> that's all. >> rick, can you tell us if the bond market cares about this? reassessing the fourth quarter, you could argue, it's a rear view mirror issue. >> yeah, you know, it may as well be. because, actually, we decreased a basis point yield. we've rallied a bit in treasuries. and the preopening equities haven't budged at all. so, my guess is, there's a couple ways to look at it. you know, 157,000 was a loss of momentum. a lot of the positive growths could be attributed to the adjustment process in jobs. and housing, you know, i'm sorry, i think we for sure hit the inflection point in the rear view mirror. but i don't think i could ever use the word excellent. so i think it's a semantics issue. you know, it's relative growth. it's change of rate. you know, all that is improving. but we're nowhere near the type of growth space we need to be, and i think that the market is very sensit
. >> e where we got the negatives was from the government, from defense, and you know, largely from inventories. that's going to turn around. i think the inventory decline was just an insurance policy. >> okay. >> that's all. >> rick, can you tell us if the bond market cares about this? reassessing the fourth quarter, you could argue, it's a rear view mirror issue. >> yeah, you know, it may as well be. because, actually, we decreased a basis point yield. we've...
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thomas moore hospital to site the state's wrongful death act in defense of this lawsuit. the statement goes on to mention that the hospital outfit will not site colorado's law that says fetuses are not people any more. why not? why now? the bishops say they weren't aware of what the lawyers were arguing. the bishop's say chi's upper management didn't know what it's own lawyers were arguing in court. after the news report, they say they became aware, they huddled and decided that the legal argument didn't align with church teachings. >> where does this lead the lawsuit? when you first aired this piece, i was moved by the father, jeremy talking, when you visited the cemetery with him when he was at the grave with his wife and children. what did he say to this news today? >> i did talk to jeremy today. he didn't know about the statement. i read it to him over the telephone. he said he was stunned saying he's in shock and added, wow! but here's what his attorney is saying. she says, this is a self-serving document. it is inaccurate as to how it characterize the decisions of t
thomas moore hospital to site the state's wrongful death act in defense of this lawsuit. the statement goes on to mention that the hospital outfit will not site colorado's law that says fetuses are not people any more. why not? why now? the bishops say they weren't aware of what the lawyers were arguing. the bishop's say chi's upper management didn't know what it's own lawyers were arguing in court. after the news report, they say they became aware, they huddled and decided that the legal...
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some say senator john mccain was rude and defense nominee chuck hagel seemed unprepared. watch. >> senator, i stand by him -- >> were you correct in your assessment? >> well, i would defer to the judgment of history to thwart that out. >> i think the committee deserves your judgment as to whether you were right or wrong about the surge? >> i'll explain why i made those comments. >> i want to know if you're right or wrong, that's a direct question i expect a direct answer. >> we're going to talk about that in our political topic. did senator hagel deserve the harsh reception. and was he woefully unprepared? we'll talk about it. day six of the hostage situation in alabama. a 5-year-old held in an underground bunker, a decorated vietnam vet holding him. they continue to maintain an open line of communication 24 hours a day. i'm going to talk to a former nypd hostage negotiator about the situation. there's a television down there, he could be watching us. i'll talk to the hostage negotiator about what they're doing, what should be done. >> such a brutal calls. >> it is such a
some say senator john mccain was rude and defense nominee chuck hagel seemed unprepared. watch. >> senator, i stand by him -- >> were you correct in your assessment? >> well, i would defer to the judgment of history to thwart that out. >> i think the committee deserves your judgment as to whether you were right or wrong about the surge? >> i'll explain why i made those comments. >> i want to know if you're right or wrong, that's a direct question i expect a...
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explain to me. >> it's a personal defense weapon, piers. the reason people love that weapon -- >> against what? >> against a lot of things. we live in an area, for example, and we've seen the thin veil of civility toward back in the hurricane, the aftermath. we've seen looters go into a neighborhood in the aftermath, whether it was new orleans or long island. we know that in our country we don't think terrible things like a bomb, dirty bomb would be set off in a major city, but it could happen. 9/11 happened. people would have this to not only defend themselves against an individual intruder. >> here is the thing. if you strip out the ar-15 from the equation and take all the guns out, that senator feinstein wants to take out -- wait a minute. you're still left with 2,200 guns you can legally buy. >> the problem is you're obsessing over one gun that a bad human being has used a couple of times. >> no, no, wait. >> no, no, let me finish. hold on a second. >> the past five mass shootings in america. >> guess what, the last shooting that i coul
explain to me. >> it's a personal defense weapon, piers. the reason people love that weapon -- >> against what? >> against a lot of things. we live in an area, for example, and we've seen the thin veil of civility toward back in the hurricane, the aftermath. we've seen looters go into a neighborhood in the aftermath, whether it was new orleans or long island. we know that in our country we don't think terrible things like a bomb, dirty bomb would be set off in a major city,...
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>>> defense secretary leon panetta came out in support of chuck hagel. president obama's choice for defense secretary. >> what you've heard from republicans thus far has been, why -- where is the calvary in all of this, why didn't the military over the course of what we've been told was a seven-hour incident if you can call it an incident. why over the course of seven hours was there not a strike team of some sort that could be put into benghazi to try to help out. on the show today, i had not just leon panetta, but as well the chairman of the joint chiefs, martin dempsey, and i asked them that very question, like why wouldn't you on 9/11, have troops sort of ready? and dempsey said to me, we did, the minute we knew the incident happened, the secretary of defense said, move some troops, scramble some troops, get them ready, let us know what their transit time would be. that's where it ended. i said, why didn't you just move them at that moment when you knew there was trouble. here's what dempsey said. >> we can't be a replacement. it was 9/11 elsewhere i
>>> defense secretary leon panetta came out in support of chuck hagel. president obama's choice for defense secretary. >> what you've heard from republicans thus far has been, why -- where is the calvary in all of this, why didn't the military over the course of what we've been told was a seven-hour incident if you can call it an incident. why over the course of seven hours was there not a strike team of some sort that could be put into benghazi to try to help out. on the show...
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and if we're not going to use that weapon for our common defense, i think we need to modify the second amendment to comply with the supreme court case law. >> if the assault weapons came in that senator feinstein wants in, there would still be 2,200 guns legally obtained. that is enough. thank you both very much. >>> coming up next, l.a. reid talks x factor, whitney houston and tells us his grammy predictions. i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. >>> i was prepared to just rip you to shreds. doing a beatles song is prepresumptuous as if you are teen heartthrobs like the beatles and you actually are teen heartthrobs like the beatles. >> you may recognize them. he is also chairman and ceo of every record and played a key role in recent successes of artists including kanye we have, jennifer lopez and a little phenomenon called justin bieber. this week, the grammy salute. welcome to you. >> thank you. >
and if we're not going to use that weapon for our common defense, i think we need to modify the second amendment to comply with the supreme court case law. >> if the assault weapons came in that senator feinstein wants in, there would still be 2,200 guns legally obtained. that is enough. thank you both very much. >>> coming up next, l.a. reid talks x factor, whitney houston and tells us his grammy predictions. i told her it was homemade. everyone tells a little white lie now and...
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obviously this looks a lot like a shot across the bow over those possible defense cuts in the works. in fact secretary panetta minced no words at speaking at georgetown a short while ago. he says the upcoming automatic defense spending cuts threaten, quote, the most serious readiness crisis faced by the military in more than a decade. >> for more than a year and a half, the joint chiefs of staff and i have been extremely vocal about our deep concerns about taking another half trillion dollars out of the defense budget, in an across the board fashion. that hits every area, and that guarantees that we hollow out the military. across the board cuts, that would deeply damage our national security. >> the secretary urged congress to accept president obama's call yesterday for smaller package of cuts to avoid the across the board reductions known as sequestration, you probably heard a lot about that, that sequestration would reduce defense spending by $45 billion through september. the national board of the boy scouts of america has decided to put off an important vote to decide on lifting
obviously this looks a lot like a shot across the bow over those possible defense cuts in the works. in fact secretary panetta minced no words at speaking at georgetown a short while ago. he says the upcoming automatic defense spending cuts threaten, quote, the most serious readiness crisis faced by the military in more than a decade. >> for more than a year and a half, the joint chiefs of staff and i have been extremely vocal about our deep concerns about taking another half trillion...
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i would never turn against this wonderful tool that brings me self-defense capabilities and brings me great joy in competition and marksmanship training. deb, you climb up this platform. >> i'm trying to understand the nature of the hunt. >> when i get up here, i do 79 concerts and i get up here, strap myself in, take a deep breath and i sit here for six hours. >> reporter: so it's meditative to you? >> absolute meditation. >> reporter: have you ever tried yoga? >> i think this is the supreme yoga. >> fire in the hole. >> reporter: his passionate and unyielding belief in the second amendment right to bear arms has transformed nugent into the sometimes fanatical face of the national rifle association. >> you are a city girl. you stand like you're golfing. squeeze that trigger. >> reporter: geez. as he teaches me gun safety, nugent repeatedly emphasizes that gun violence -- he believes limiting guns and ammunition will not stop tragedies like the massacre at sandy hook elementary. the argument that was made is that he was allowed to kill as people as he did because it had multiple bulle
i would never turn against this wonderful tool that brings me self-defense capabilities and brings me great joy in competition and marksmanship training. deb, you climb up this platform. >> i'm trying to understand the nature of the hunt. >> when i get up here, i do 79 concerts and i get up here, strap myself in, take a deep breath and i sit here for six hours. >> reporter: so it's meditative to you? >> absolute meditation. >> reporter: have you ever tried yoga?...
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now, when you said this was the first line of the defense, this is actually the last line of defense. your first line of defense i would say is intelligence. you need to -- you want to try to get this guy in his hometown when he's strapping on the vest, not at the embassy. outside the embassy walls it's the local police force, local security forces, you rely on them as well. you want those layers of security, those rings of security around your high-value facilities. in this case, it appears despite the tragedy of three people, one person dying, that it did work. they did not get inside the u.s. embassy in ankara. >> rosa, when you said absolutely jay carney's response in saying this was a terror attack, when last time, a week later after benghazi, victoria nuland from the state department refused to say that, isn't it fair at this point to say, it seems like look, it was election season, we don't need to have al qaeda, al qaeda names out there, al qaeda attacks out there, so let's not say that was the situation? >> i don't think it's fair. i think these situations are often really co
now, when you said this was the first line of the defense, this is actually the last line of defense. your first line of defense i would say is intelligence. you need to -- you want to try to get this guy in his hometown when he's strapping on the vest, not at the embassy. outside the embassy walls it's the local police force, local security forces, you rely on them as well. you want those layers of security, those rings of security around your high-value facilities. in this case, it appears...
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arias' defense is self defense. that's what she said. she said this was a tough relationship, that he was a sex maniac that threatened her with bodily harm, but a bullet casing and camera may tell a different story in the courtroom. and then there are the lies, one after the other that this woman told police. our sister network, hln has more. >> reporter: jodi arias could join three other women sitting on arizona's death row if found guilty as charged. the state carries out all post 1992 convictions byl lethal injection, and its courts gave the green light for witnesses to observe the entire execution process including insertion of the iv. the state is said to have only enough supply of the drug to carry out one more execution before it is forced to find another method. stokley was put to death last month, and they delivered the iv by cutting into his groin area. that's standard when they find problems getting an iv into the arm. the only woman to be executed in the state's history, ava dugan was put to death by hanging more has not 80 y
arias' defense is self defense. that's what she said. she said this was a tough relationship, that he was a sex maniac that threatened her with bodily harm, but a bullet casing and camera may tell a different story in the courtroom. and then there are the lies, one after the other that this woman told police. our sister network, hln has more. >> reporter: jodi arias could join three other women sitting on arizona's death row if found guilty as charged. the state carries out all post 1992...
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and if we're not going to use that weapon for our common defense, i think we need to modify the second amendment to comply with the supreme court case law. >> if the assault weapons came in that senator feinstein wants in, there would still be 2,200 guns legally obtained. that is enough. thank you both very much. >>> coming up next, l.a. reid talks x factor, whitney houston and tells us his grammy predictions. she's still the one for you - you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. >>> coming up next, l.a. reid y the moment's right. e you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects m
and if we're not going to use that weapon for our common defense, i think we need to modify the second amendment to comply with the supreme court case law. >> if the assault weapons came in that senator feinstein wants in, there would still be 2,200 guns legally obtained. that is enough. thank you both very much. >>> coming up next, l.a. reid talks x factor, whitney houston and tells us his grammy predictions. she's still the one for you - you know it even after all these years....
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thomas more hospital to cite the state's wrongful death act in defense of this lawsuit. the statement does go on to mention that the hospital also will not cite colorado's law that says fetuses are not people anymore. we also got a statement from the bishops of colorado. why now? the bishops say they weren't aware of what the lawyers were arguing. the bishops say chi's upper management didn't know what its own lawyers were arguing in court. after the news report, they say they became aware. they huddled and decided that the legal argument didn't align with church teachings. >> where does this leave the lawsuit, and i have to ask you because when you first aired the piece, i was so moved by the father jeremy talking when you visited the simitary with him at the wisite of his wife and children, what did he say? >> i talked to jeremy today. he didn't know about the statement. i read it to him over the phone. he said he was stunned, in shock, and he said wow. here is what his attorney is saying. quote, this is a self-serving document. it is inaccurate as to how it characteri
thomas more hospital to cite the state's wrongful death act in defense of this lawsuit. the statement does go on to mention that the hospital also will not cite colorado's law that says fetuses are not people anymore. we also got a statement from the bishops of colorado. why now? the bishops say they weren't aware of what the lawyers were arguing. the bishops say chi's upper management didn't know what its own lawyers were arguing in court. after the news report, they say they became aware....
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what's at issue here is we have an organization that's long stood in defense of traditional american moral values. it's attracted parents and supporters from churches precisely because it's in defense of those values. the supreme court has held that the boy scouts have a first amendment constitutional right to pursue their values and to exclude leaders whose presence would be inconsistent with those values. that includes, by the way, not just gays but atheists. we can respect and do respect our fellow citizens that are gays and atheists, we love our fellow relatives and friends that are gays and atheists but we are not obligated to regard them as suitable as scout leaders. >> let me ask zach to weigh in on this. >> i think it's traditional ed is going for the traditional moral framework, he's trying to define this as a liberal fundamental tradition that's become popular in america in the last 40 years. the reality is there are christians of all nominations that are applauding the policy change including united church of christ, one of the top church sponsor who issued a statement on
what's at issue here is we have an organization that's long stood in defense of traditional american moral values. it's attracted parents and supporters from churches precisely because it's in defense of those values. the supreme court has held that the boy scouts have a first amendment constitutional right to pursue their values and to exclude leaders whose presence would be inconsistent with those values. that includes, by the way, not just gays but atheists. we can respect and do respect our...
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but, martin, we're hearing the military, the department of defense playing a role, even the defense secretary got involved. tell me more. >> reporter: this shows how this sort of really climbed up the chain of command, a concern for a 5-year-old little boy buried in a bunker underground in alabama. leon panetta, the secretary of defense, signed off on an okay of the use of some specific equipment, very sensitive stuff that's been used overseas to try to detect ieds, improvise explosive devices, that would have meant there were soldiers on site or nearby, not involved in the takedown, we should point that out. other stuff used, cameras able to peer into the bunker so that authorities could not only hear but could see the demeanor and that was important because in the last 24 hours, fbi agents said they did see the demeanor of dykes begin to deteriorate and that's, of course what forced their move. they won't say much else about the entry because they say it worked so well, they'll probably use it again in the future. we do know flash bangs were used, agents dropped through a hatch in the roof,
but, martin, we're hearing the military, the department of defense playing a role, even the defense secretary got involved. tell me more. >> reporter: this shows how this sort of really climbed up the chain of command, a concern for a 5-year-old little boy buried in a bunker underground in alabama. leon panetta, the secretary of defense, signed off on an okay of the use of some specific equipment, very sensitive stuff that's been used overseas to try to detect ieds, improvise explosive...
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these dirty details are what her defense is all about. >> reporter: yes indeed. in fact, the defense plans to call two experts following jody arias' testimony. one in domestic violence. the other a psychologist. they relied on her history, her childhood, abuse allegations she has made. more importantly her relationships with men and significantly her relationship with travis alexander. the defense says jody arias was his dirty little secret and he was demeaning, degrading. and basically they will try to get inside her mind at the time she was killing him. because she has to explain why this overkill. she killed him three different ways. and it seems to be far more than necessary to ward off any threat of deadly force being used against her. >> we had her on the stand three days and counting. and this is what i call the friendly fire. this is her lawyer asking and eliciting friendly questions to get her story. we just showed that prosecutor, he is just chomping at the bit. what will happen when he takes over on cross? >> reporter: you are right about that. juan ma
these dirty details are what her defense is all about. >> reporter: yes indeed. in fact, the defense plans to call two experts following jody arias' testimony. one in domestic violence. the other a psychologist. they relied on her history, her childhood, abuse allegations she has made. more importantly her relationships with men and significantly her relationship with travis alexander. the defense says jody arias was his dirty little secret and he was demeaning, degrading. and basically...
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fuful to the defense. i don't understand how self-defense is going to be established. i don't understand how the defense is going to beat this prosecution. >> miguel, there's no chance of her walking out of that courtroom unless she takes the witness stand and gets to a couple of those jurors. she's going to have to testify. >> not going to happen. not going to happen. >> who likes the ravens and who likes the 49ers? >> this is ravens outright. take the money line. >> 49ers. everybody's banking on the -- it's the niners. >> gentlemen, thank you both very much for clearing up nothing at pull. thank you. >> miguel, you've been doing a wonderful job without fredricka. i want you to know that. fantast fantastic. >> thank you very much. >> the legal guys are here every saturday at this time to give us their take on the most intriguing cases of the day. bo x deluxe level software or higher! find thousands of big deals now... ...at officemax. delicious. but say i press a few out flat... add some beef sloppy joe s
fuful to the defense. i don't understand how self-defense is going to be established. i don't understand how the defense is going to beat this prosecution. >> miguel, there's no chance of her walking out of that courtroom unless she takes the witness stand and gets to a couple of those jurors. she's going to have to testify. >> not going to happen. not going to happen. >> who likes the ravens and who likes the 49ers? >> this is ravens outright. take the money line....
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we could know the fate of chuck hagel's nomination for defense secretary. they could vote later this week on his nomination. last week's hearing was a tough one for the former republican senator. he struggled with some questions and critics in both parties have said he seemed unprepared. but so far there appears to be no major effort to block his nomination. >>> also ahead this week, the next chapter in the white house push for new gun restrictions. cnn's athena jones previews the president's strategy to spur congress to take action. >> reporter: president obama heads to mon monday. his first stop in a campaign to win support for his gun policy proposals. an effort he promised in newtown. >> in the coming weeks i will use whatever power this office holds to engage my fellow citizens. >> reporter: he'll meet with precedents and police in minneapolis, a city the white house says has taken important steps to reduce gun violence. over the weekend the white house released this photo of the president skeet shooting, a nod to gun shorts signaling gun owners have n
we could know the fate of chuck hagel's nomination for defense secretary. they could vote later this week on his nomination. last week's hearing was a tough one for the former republican senator. he struggled with some questions and critics in both parties have said he seemed unprepared. but so far there appears to be no major effort to block his nomination. >>> also ahead this week, the next chapter in the white house push for new gun restrictions. cnn's athena jones previews the...
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kennedy talking about losing her father to an assassin's bullets and a gun advocate who says the best defense against a bad guy with a gun is a good guy with a gun. that's coming up in a few moments. but listen now to an emotional minute -- moment from vice president joe biden talking about gun control at a speech in lee's bow, virginia today. >> the image of those beautiful young children, 6 and 7 years old, literally riddled, riddled with bullet holes, lying in their classroom, all of us 54 days ago watching -- watching those families and only imagining we could be in the same spot in panic running around that park lot and over that firehouse and wondering, my god, my god, am i -- my god. since that day, 54 days ago, 1,600 americans have died at the end of a gun. >> powerful stuff from joe biden. we'll have more on the gun debate in a few moments. >>> we begin tonight with a political fail heard around the world. just before the election dick morris, former political guru to bill clinton, predicted a landslide victory for mitt romney. a landslide. well, we all know how that turned out. dick
kennedy talking about losing her father to an assassin's bullets and a gun advocate who says the best defense against a bad guy with a gun is a good guy with a gun. that's coming up in a few moments. but listen now to an emotional minute -- moment from vice president joe biden talking about gun control at a speech in lee's bow, virginia today. >> the image of those beautiful young children, 6 and 7 years old, literally riddled, riddled with bullet holes, lying in their classroom, all of...
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i think on march 1 we begin at least on defense and discretionary spending. if there's enough squawking maybe by late spring, early summer it gets undone. we'll have that. still some head winds. there is this and the higher payroll tax. maybe first rate growth is a little slow but by the second half, things could be looking much better. >> this week, we moved closer to the unthinkable. the sequester that president obama promised us would never happen. listen just a few months ago. >> first of all, the sequester is not something that i proposed. something that congress has proposed. it will not happen. >> i don't know, that could be the one election promise the president fails to keep. the sequester a part of the decision on march 1st. what happens if the sequester happens? >> well, in fairness, i think that clip was about that the sequester would not happen on january 1st because he was saying they would be able to reach some kind of agreement. they reached an agreement to kick things down the road. >> he didn't say january 1st. he said the sequester will not
i think on march 1 we begin at least on defense and discretionary spending. if there's enough squawking maybe by late spring, early summer it gets undone. we'll have that. still some head winds. there is this and the higher payroll tax. maybe first rate growth is a little slow but by the second half, things could be looking much better. >> this week, we moved closer to the unthinkable. the sequester that president obama promised us would never happen. listen just a few months ago....
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we have an organization that long stood in defense of traditional, american, moral values. it attracted parents and supporters from churches because it is in defense of those values. the supreme court has held that the boy scouts have a first amendment constitutional right to pursue their values and to exclude leaders whose presence would be inconsistent with those values. that includes, by the way, not just gays, but atheists. now, we can respect and we do respect our fellow citizens who are gays or atheists. we love our relatives and friends who are gays or atheists, but we are not obligated to assume them as suitable for scout leaders. >> let me ask zach to weigh in here. >> i think it is interesting that ed is going through the traditional values framework. trying to define this as biblical, fundamentalist tradition that has become popular in the last 40 years. christians of different denominations for this proposed policy change, including the united church of christ, one of the largest church sponsors which on friday issued a statement saying, "the ban is inconsistent
we have an organization that long stood in defense of traditional, american, moral values. it attracted parents and supporters from churches because it is in defense of those values. the supreme court has held that the boy scouts have a first amendment constitutional right to pursue their values and to exclude leaders whose presence would be inconsistent with those values. that includes, by the way, not just gays, but atheists. now, we can respect and we do respect our fellow citizens who are...
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a senate committee may vote to confirm chuck hagel as the next defense secretary. a different committee hold as hearing for the man picked to run the cia. john brennan. for more of these controversial nominees, let's bring in our chief congressional correspondent, dana bash, and gloria borger. dana, what are your sources telling you about chuck hagel's confirmation? >> reporter: well, you know, there are supposed to be at least the chairman, carl levin wants a vote in the senate armed services committee tomorrow but it might not happen. one may reason is that many republicans on the committee don't want it to. we're told that they are circulating a letter urging senator levin to delay it. and they say, these republicans, that they are still waiting for key information from hagel. for example, senator lindsey graham told me he still doesn't p have information about the speeches that hagel gave, who he spoke to, what he said, and what he was paid. and the ranking committee, james inhoff said he's looking for people to slow this train down. senator levin doesn't like
a senate committee may vote to confirm chuck hagel as the next defense secretary. a different committee hold as hearing for the man picked to run the cia. john brennan. for more of these controversial nominees, let's bring in our chief congressional correspondent, dana bash, and gloria borger. dana, what are your sources telling you about chuck hagel's confirmation? >> reporter: well, you know, there are supposed to be at least the chairman, carl levin wants a vote in the senate armed...
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he's trying to be secretary of defense. after the bruising he took on capitol hill, does he stand a chance? we're going to talk with oklahoma senator james inhofe, who's very much against hagel taking the post. >>> then major allegations of fixing soccer again. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires need to be rotated, you have to get that done as well. jackie, tell me why somebody should bring they're car here to the ford dealership for service instead of any one of those other places out there. they are going to take care of my car because this is where it came from. price is right no problem, they make you feel like you're a family. get a synthetic blend oil change, tire rotation and much more, $29.95 after $10.00 rebate. if you take care of your car your car will take care of you. good afternoon. chase sapphire. (push button tone) this is stacy from springfield. oh whoa. hello? yes. i didn't realize i
he's trying to be secretary of defense. after the bruising he took on capitol hill, does he stand a chance? we're going to talk with oklahoma senator james inhofe, who's very much against hagel taking the post. >>> then major allegations of fixing soccer again. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires need to be rotated, you have to get that done as well. jackie, tell...
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i think on march 1 we begin at least on defense and discretionary spending. if there's enough sidewalking maybe by late spring, early sum eshg it gets undone. we'll have that. there's still some headwinds. there's this and the higher payroll tax. maybe first-half growth would be a little slow but i think the storm is sending us a message that by the second half things could be looking much better. >> this week, austin, we moved closer to the automatic across the board spending cuts, the sequester that president obama promised us would never happen. listen a few months ago. >> first of all, the sequester is not something that i propose, it's something congress has po pro-posed. it will not happen. >> i don't know, austin. that could be the one election promise the president fails to keep, the sequester a critical part of the fiscal cliff punt that delayed a new year's decision on those cut on march 1st. what is if the sequester happens? >> well, in fairness, i think that cliff was about the that the sequester would not happen on january 1st, because he was say
i think on march 1 we begin at least on defense and discretionary spending. if there's enough sidewalking maybe by late spring, early sum eshg it gets undone. we'll have that. there's still some headwinds. there's this and the higher payroll tax. maybe first-half growth would be a little slow but i think the storm is sending us a message that by the second half things could be looking much better. >> this week, austin, we moved closer to the automatic across the board spending cuts, the...
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it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ ♪ fixodent, and forget it. you can prevent gas with beano meltaways, or treat gas with these after you get it. now that's like sunblock before or sun burn cream later. oh, somebody out there's saying now i get it! take beano before and there'll be no gas. >>> in about 90 minutes, first lady michelle obama will attend the funeral for 15-year-old hadiya pendleton. she was gunned down a week after performing at president obama's inauguration. athena jones is live in chicago with the story. we've said this is so tragic, penal pendleton had no gang affiliation and was not the intended target. correct? >> reporter: that's right, martin. she was a bystander standing with her friends in a structure in a park not far from her school. that's one of the things that's so outrageous. hadiya pendleton had spoken out against people joining gangs. urged her friends to stay on the straight and narrow and not get involved with gangs. this is something that the vice president, vice president biden brought up about
it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ ♪ fixodent, and forget it. you can prevent gas with beano meltaways, or treat gas with these after you get it. now that's like sunblock before or sun burn cream later. oh, somebody out there's saying now i get it! take beano before and there'll be no gas. >>> in about 90 minutes, first lady michelle obama will attend the funeral for 15-year-old hadiya pendleton. she was gunned down a week...
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. >> and the defense secretary nominee on the defensive. chuck hagel grilled on capitol hill. did he blow his shot to convince lawmakers that he's the right man for the job? >> friday, february 1st, and "starting point" begins right now. >>> welcome, everybody. breaking news, we start with. two people have died, several people wounded in explosion that has taken place outside the u.s. embassy in ankara, turkey. chris lawrence joins us from the pentagon. >> reporter: good morning, soledad. not much information right now. turkey authorities are responding to that scene, trying to collect more information. the blast happened just a short while ago, some. news reports out of that area, saw a big flash, heard a big bang. reports of several people wounded near a side gate of the embassy. we're waiting for more information, the u.s., of course, has two major air bases in turkey no, where near the capit capital. soledad. >> thank you, chris, for watching this story. >>> also, we told you just moments ago, the former new york city mayor ed koch has died. he passed away from congestive
. >> and the defense secretary nominee on the defensive. chuck hagel grilled on capitol hill. did he blow his shot to convince lawmakers that he's the right man for the job? >> friday, february 1st, and "starting point" begins right now. >>> welcome, everybody. breaking news, we start with. two people have died, several people wounded in explosion that has taken place outside the u.s. embassy in ankara, turkey. chris lawrence joins us from the pentagon. >>...
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the ravens defense stopped the niners on four plays. kept them out of end zone. controversial call on the fourth play. it looks like michael crabtree was grabbed. the referee said no. jim harbaugh said it was definitely a holding and pass interference. ravens pull it out. joe flacco, game nvp. and up for a new carat. he says he's a raven for life. ray lewis ending his 17-year career, with the baltimore ravens going out on top. winning the super bowl after announcing at the beginning of january this would be his final run as a raven and retiring at the end of the year. and, then, of course, the story two of the harbaughs, john harbaugh coming out on top of his little brother, jim harbaugh. the win was bittersweet. guys. >> the story without a doubt was the power outage. such a giant scandal had the ravens lost. they had the game in hand before the outage. >> that's a really good point. we got a really good game because of the power outage. >> and justice done it's fair to say. >> thank you to carlos diaz covering it all for us. >>> no shortage of big hits in the s
the ravens defense stopped the niners on four plays. kept them out of end zone. controversial call on the fourth play. it looks like michael crabtree was grabbed. the referee said no. jim harbaugh said it was definitely a holding and pass interference. ravens pull it out. joe flacco, game nvp. and up for a new carat. he says he's a raven for life. ray lewis ending his 17-year career, with the baltimore ravens going out on top. winning the super bowl after announcing at the beginning of january...